EUR/NOK - 1H - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 10.1883 NOK
My targets
10.1520 NOK (-0.26%)
10.0868 NOK (-0.90%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/NOK as long as the price remains well below 10.1883 NOK. The next bearish objective for sellers is set at 10.1520 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.0868 NOK. In case of crossing, the next objective would be the support located at 10.0585 NOK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 10.1786 NOK. On the day, this instrument lost -0.08% and was between 10.1644 NOK and 10.1999 NOK. This implies that the price is at +0.14% from its lowest and at -0.21% from its highest.10.1644
10.1999
10.1786
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.0585 | 10.0868 | 10.1520 | 10.1786 | 10.1883 | 10.2076 | 10.2441 |
| Change (%) | -1.18% | -0.90% | -0.26% | - | +0.10% | +0.28% | +0.64% |
| Change | -0.1201 | -0.0918 | -0.0266 | - | +0.0097 | +0.0290 | +0.0655 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0659 | 10.1088 | 10.1480 | 10.1909 | 10.2301 | 10.2730 | 10.3122 |
| Camarilla | 10.1646 | 10.1722 | 10.1797 | 10.1872 | 10.1947 | 10.2023 | 10.2098 |
| Woodie | 10.0641 | 10.1079 | 10.1462 | 10.1900 | 10.2283 | 10.2721 | 10.3104 |
| Fibonacci | 10.1088 | 10.1402 | 10.1595 | 10.1909 | 10.2223 | 10.2416 | 10.2730 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8541 | 9.9347 | 10.0829 | 10.1635 | 10.3117 | 10.3923 | 10.5405 |
| Camarilla | 10.1682 | 10.1892 | 10.2101 | 10.2311 | 10.2521 | 10.2731 | 10.2940 |
| Woodie | 9.8879 | 9.9516 | 10.1167 | 10.1804 | 10.3455 | 10.4092 | 10.5743 |
| Fibonacci | 9.9347 | 10.0221 | 10.0761 | 10.1635 | 10.2509 | 10.3049 | 10.3923 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5901 | 9.7028 | 9.8105 | 9.9232 | 10.0309 | 10.1436 | 10.2513 |
| Camarilla | 9.8577 | 9.8779 | 9.8981 | 9.9183 | 9.9385 | 9.9587 | 9.9789 |
| Woodie | 9.5877 | 9.7016 | 9.8081 | 9.9220 | 10.0285 | 10.1424 | 10.2489 |
| Fibonacci | 9.7028 | 9.7870 | 9.8390 | 9.9232 | 10.0074 | 10.0594 | 10.1436 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.75 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -0.7013 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 10.1793 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1728 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 10.1576 | |
| Zig ZAG (10): | 10.1789 | |
| VORTEX (21): | 0.9494 | |
| Stochastique (14,3,5): | 42.63 | |
| TEMA (21): | 10.1812 | |
| Williams %R (14): | -58.87 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.0361 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.02 |
| MA7: | 10.1564 | |
| MA20: | 10.0477 | |
| MA50: | 9.9897 | |
| MA100: | 9.8678 | |
| MAexp7: | 10.1820 | |
| MAexp20: | 10.1834 | |
| MAexp50: | 10.1880 | |
| MAexp100: | 10.1764 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +1.89% | |
| Price / MA100: | +3.15% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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